FAQs

No. WAIV is a technology and marketing company that licenses a global payment platform to partnered banks as a way of expanding their customer base. WAIV also offers a faster, cheaper, easier alternative to current methods of international and domestic remittance.

WAIV offers a PCI-compliant global payment system to partnered banks, using a proprietary KYC technology. The highest level of compliance is applied across the board. Our technology allows for remittance transfers to take place in under 10 seconds.

Once your application is complete, you will be able to send money between accounts in the WAIV network. This means both you and the person you’re sending money to will need to be WAIV members. Then, from the app or via the website, you will be able to log in and transfer money from your account to theirs.

Our aim is to make it easier for migrant workers to send money back home. We do this by providing a better way to send money in a way that provides financial freedom to the unbanked, utilising mobile phones and computers.

We don’t do credit checks. Anyone can apply for a WAIV account! No one will be turned down for lack of credit, poor credit, or their banking history. The whole point of WAIV is to help people on the road to banking with ease.